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Understanding Nigeria’s review on IOCs export proceeds repatriation

International Oil Companies operating in Nigeria can repatriate 50 per cent of their export proceeds immediately or when required, while the remaining 50 per cent can be used to settle financial obligations in Nigeria. That’s according to the Central Bank of Nigeria in its circular on the review of terms on the repatriation of export proceeds by international oil companies. Titi Lawani, Head of Global Market Trading at RMB Nigeria joins CNBC Africa for more on this and insights on foreign portfolio investors activities in Nigeria.
Fri, 10 May 2024 15:22:06 GMT

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